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About this home
Prime 2-acre Multi-family property with R4 zoning - Great investment opportunity! This versatile 2-acre property offers incredible potential with its R4 zoning, perfect for multi-family development or other investment opportunities. Located in highly accessible area with both an entrance and exit on Roeser Rd and Cody Drive, this property ensures convenience and ease of access. This property also Continued... See Addendum Public Remarks 1
South Mountain, located between Downtown Phoenix and the Gila River Indian Community, is a desert-edge and mountain-framed Phoenix neighborhood with a vast trail network and wide-open Sonoran views. The neighborhood’s energy concentrates at Central Ave and Baseline Rd, where taquerias, panaderías, mercados, and small storefronts set a busy, everyday rhythm. South Mountain Park and Preserve defines the landscape with ridgelines, trailheads, and lookout drives that shape weekend routines. The Mystery Castle adds a handmade, offbeat landmark tucked into the foothills. Housing ranges from mid-century ranch homes to newer foothill builds, often oriented toward patios and mountain light. Local golf and community parks add structured green space against the desert backdrop.
Provided by Walk Score and Local Logic
Market insights
502 E Roeser Rd · $899,900
DAYS ON MARKET
1 days
The average home goes pending in 63 days.
SALE-TO-LIST
98.0%
Most homes are selling 2% below list price.
LIST PRICE
$899,900
Median sale price in this area is $498,968. (45% lower than this home)
PRICE DROP
0 price drops
25% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Eat-in kitchen
Bedrooms
3 bedrooms
Bathrooms
2 full bathrooms
Primary bedroom has a three-quarter bathroom
Kitchen
Gas oven
Laundry & utility
Inside laundry
Flooring
Carpet
Tile
Heating & cooling
Electric heating
Central air conditioning
Exterior features
Dirt front yard
Dirt backyard
Home design
Single-family residence
Construction
Stucco and painted wood-frame construction
Composition roof
Utilities
Public sewer
HOA & community
No association fees
Electricity and solar
View estimated energy costs and solar savings for this home
The purpose of the multifamily residence districts is to provide for alternate living styles including rental, condominiums and single ownership of land with multiple units thereon or single or attached townhomes; The density ranges offered are intended to allow for a greater interaction of residents with at least the opportunity for less individual maintenance, unit cost, and size as compared with a conventional single-family residence.
Zone overlays
South Central Transit Oriented Development Community Plan
South Phoenix Village and Target Area B Design Overlay
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Educational / school
Fire house
Police station
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
9/10 Heat Factor
7 days above 112° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
2/10 Air Factor
2 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Phoenix, AZ • 85040
Average low and high temperatures (°F)
70
47
79
54
86
60
88
63
95
71
106
80
107
85
108
87
100
79
89
66
77
55
74
50
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
92/ 100
Exceptional sunlight
Sunscore
This home receives average direct sun exposure in Phoenix. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.7 hrs
6.6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 502 E Roeser Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $345,000 and $497,500.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $345K to $498K.